LONDON ROAD

HILLFIELD VILLAS,
LONDON ROAD

A stunning collection of exclusive 1 and 2 bedroom contemporary apartments within Gloucester City Centre.

Key Points:

  • First viewed the building in July 2018
  • Planning permission granted in November 2018
  • Formal offers presented in May 2019
  • Accepted in June 2019
  • Senior Lending sought and broker instructed May 2019
  • June 2019​ – Still chasing the agreed finance​
  • July 2019​ – Original lender decides they aren’t going to lend?  No indication why​
  • New lender lined up
  • Aug. 2019​ – Chasing the new lender​, Lender then changed their criteria​
  • Another new lender lined up ​
  • Sep. 2019​ – New lender on board​
  • Valuation is conducted – scheme down valued by 15% – Brexit  (Report 3 weeks late) ​
  • Oct. 2019​ – Lender changes the terms ​
  • Nov. 2019​ 18th November – we finally get the deal over the line​
  • November 2020​ – Existing Building Finished and ready for Staging , First coats of render applied ​
  • December 2020​ – First flat staged and ready for sale​
  • April 2021​ – new build completion